Irene earned wages of $119,200 during 2015. How much will Irene's employer withhold in Medicare taxes for the year?

Question

Quizplus · Accepted Answer

Medicare tax is 1.45% of wages for the employee and 1.45% for the employer, so Irene's employer will withhold 2.9% of her wages for Medicare taxes. 
Therefore, 2.9% of $119,200 = $3,452.80 for the year. 
But Irene only pays 1.45% ($1,726.40) and her employer pays the other 1.45%. 
So, Irene's employer will withhold $1,728.40 for the year. 
Therefore, the best choice is (D).

Irene Earned Wages of $119,200 During 2015